Member Info for Tripod-Man

Can sell all but not buy a bean on either AJ Bell or Bestinvest. What's going on?

In the event Tang ignores or declines, then subject to sufficient shareholder support a vote on shareholder proposals could be forced.
If the tender offer were to come about, all shareholders should be entitled to sell their shares at the tender price.
My guess is it might work like an IPO and if over-subscribed we would get an allocation, but I'm not sure. Anyone else got any ideas?

In the event Tang ignores or declines, then subject to sufficient shareholder support a vote on shareholder proposals could be forced.
If the tender offer were to come about, all shareholders should be entitled to sell their shares at the tender price.
My guess is it might work like an IPO and if over-subscribed we would get an allocation, but I'm not sure. Anyone else got any ideas?

Thanks shareaction, I was also wondering how that tender offer would work.

Phronimos are trying to get a revised count of the number of shares held by concerned shareholders that support their proposals. Their contact details are on the letter.

I've sent Phronimos an email. Let's see what they say.

Very interesting letter. I wonder what the "other means to effect the changes necessary to protect their investments" are. Even as a long term and reasonably large shareholder (3 million shares - more fool me), I feel powerless. I'm really pleased to see other shareholders taking action to hold the BOD to account. Tang might be working out if he can simply ignore this. I'm concerned he will bleed us dry if he carries on like this.

Sorry. Scratch that. Just a bit hit and miss. Probably to be expected with all the drama today.

Can't get a price for either buy or sell on AJ Bell.

I can't see one 6,000MW coal fired power station making a significant difference to global climate change.

I can see one 6,000MW coal fired power station and associated coal mine making a huge impact on a developing country like BD.

Eco-Warriors should focus on the worst polluting developed economies rather than begrudging poorer nations a leg up with cheap electricity.

Any idea why the share trades are not accurate? I bought 100,000 on 10 April at 4.61 but it's not showing. There is a 100,000 sell on the same day but not at the price I dealt. Today's 350,000 sell is at the same time and price as other buys. Is it worth paying attention to that data?

Every day's a school day. Thanks for correcting me. Not sure where I got that erroneous nugget from. I felt pretty sure about it as well..... D'oh. I'm still not ready to join the Tang bashers. His fingers have been burnt more than ours. It's rare to find an investment trust with a "manager" with so much skin in the game. Maybe that's the only reason I continue to give him the benefit of the doubt. I didn't much like the silence during the Nomad changeover and suspension. Don't need that stress ever again, thank you! Overall I'm quietly optimistic about my investment.

My first post here...I've been an investor in Polo for over 5 years and bought my first shares at around 20p. I've averaged down over the years to about 5p. During the bleak days I would have snapped your hand off for 5p but now I think the company has turned the corner and I'm going to hold until the discount narrows substantially. I have noticed the spread reducing which I think is a good move by the broker to stimulate more trade in these shares. I think a high spread puts a lot of PI off. I think added liquidity will help to reduce the discount. I also think Tang has been quite smart in holding the AGM in Hong Kong tomorrow. Some might think he doesn't want to face the music in London, but he attended the GCM AGM in London, so I don't think it is that. Perhaps he is trying to market the company to new investors in China and Malaysia. The company seems to be focusing more on investments in SEA so it seems logical. Nothing to lose! If it works out, perhaps he will also get the shares listed there or move the listing to an exchange in SEA. I don't blame Tang for Celamin as that investment was made before he was running the show. Fingers crossed Celamin can get the new money to work for us but I do share the reservations of others that this might be throwing good money after bad. PS: Thanks to all the regular posters for sharing your views. It's been great seeing your insights during the highs and lows. Let's face it, mainly lows. It's been therapeutic....like Polos Anonymous. My names Tripod and I'm a Polo shareholder. It's been 3 weeks since my last top-up..... Cheers, Tripod